ACC 1820 ples of Mana activity N14 mpany manufactures a single product that requires a great deal of hand labor. Coverhead cost is overhead should be st per standard direct overhead should be S480.000 per year. labor-hour and fixed manufacturing The company's product requires 3 pounds of material that has a standard cost of S7 per pound and 1.s hours labor time has standard rate of S per hour The company planned operate at a denominator activity level of 60,000 direct labor-hours and to were produce 40,000 units to recent year. Actual activity and costs for the year of product during the most follows: 42,000 65,000 Number of units produced S 123,500 Actual direct labor- hours worked. incurred Actual variable manufacturing overhead cost 483,000 Actual fixed manufacturing overhead cost incurred Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements. 2. Prepare a standard cost card for the company's product show the details for all manufacturing costs on your standard cost card. 3. Do the following